OVERVIEW
The global card payment industry is abuzz with change. A robust growth in card payment volumes, combined with stricter regulatory guidelines, progressive industry initiatives, evolving customer expectations and innovations like mobile & contactless payments have ushered in an era of technology-driven, boundary-less transactions.
Our Expertise
Issuing
Debit
Debit cards form the core of the cards issuing business for financial institutions. Now virtual
cards are also gaining prominence along with physical ones. EMV technology and contactless are new
global standard.
Verinite’s experience covers end-to-end life cycle of debit cards issuing business that includes
launch, migration and support covering international and domestic schemes.
Credit
Credit cards are one of the most profitable business lines for financial institutions. Credit cards
comes in various forms today. They continue to be the most preferred medium for payments.
Verinite’s experience covers end-to-end life cycle of credit cards issuing business that includes
system launch, upgrade, migration and support covering international and domestic schemes.
Prepaid
Prepaid cards is currently booming business line due to interesting use cases and business models by
Fintechs. Financial institutions have renewed their interest and built revenue models by collaborating
with partners.
Verinite’s experience covers end-to-end life cycle of prepaid cards issuing business that includes
launch and support.
Acquiring
ATM
ATM is a critical touch point as it is highly used customer access channel. Today’s advanced technology provides new ways for ATMs to deliver a secure, enhanced consumer experience, lower costs and increased revenues.
Verinite’s experience covers scheme certification, implementation, testing and support for ATM’s across devices and systems.
POS
POS terminals are important customer touch point for financial institutions. Today EMV ready POS, Tablet POS and m-POS are trending payment options along with the traditional POS machine. They continue to be the most preferred medium for payments.
Verinite’s experience covers scheme certification, implementation, testing and support for POS across devices and systems.
E-Commerce
Worldwide expansion of internet and COVID-19 pandemic has forced large number of businesses to go online and e-commerce has become indispensable for all groups of customers. E-commerce is showing triple digit growth year-on-year and has impeccable impact on payments.
Verinite’s experience covers e-commerce enablement, payment gateway integration, certification, 3D secure integration and testing.
